I filed my 2016 taxes. Today I received a student loan interest statement 1098-E and need to revise my taxes to make sure I should not get a bigger refund.

Answer

The IRS 2016 Amended tax forms will not be ready until sometime in February.  You will have to mail your amended return to the IRS. 

See How to Amend (Change or Correct) a Return You Already Filed to amend your income tax return. Please keep checking the TurboTax FAQ for the status of amended return tax forms.

However, when you do decide to amend your return then you can follow the directions listed below:

Amending your return means filing a new form, 1040X. This is only required in certain situations.

In other situations, you can change your original return and you should not file a new form.

Don't amend if:

  • You received a government notice that doesn't specifically tell you to amend (e.g. math error corrections, request for additional forms, etc.). Just follow the instructions in the notification.
  • You entered the wrong bank account to get your refund.
  • You received Forms 1095-B or 1095-C and the info matches what you reported on your return.

On the other hand, you will need to amend if you already mailed your return (or the government accepted your e-file) and:

  • Your 2017 return was affected by the deductions or credits that were extended per The Bipartisan Budget Act of 2018.
  • You need to report a tax form you forgot about or received post-filing (most commonly a W-2, 1099, or 1095-A).
  • You received a corrected tax form after filing (the "corrected" box is checked) and the new info changes your refund or tax due amount.
  • You forgot to report income or claim dependents, deductions, or credits.
  • You accidentally claimed dependents, deductions, or credits you're not eligible for.
  • You made an error that affects your bottom line, such as reporting income or deductions in 2018 that should've been claimed in a prior tax year (in that case, you'll need to amend all affected tax years).
  • You need to change your filing status (for example, you want to change from Single to Head of Household).
  • We instructed you to amend because of a program error (uncommon).

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